Thank you for your interest in 720-730 Fort Washington Avenue, a lovely
prewar cooperative built in the classic art deco style, with commanding
views of the Hudson River and Fort Tryon Park in the neighborhood of Hudson
Heights, New York City, NY.
Our Coop comprises the last two residential buildings at the north end
of Fort Washington Avenue, just before the
entrance to the park. The 234 units in the complex consist of studios,
1 bedrooms, junior fours, 2 bedrooms, and 3 bedroom apartments. Currently
more than 80 percent of the units are owner occupied.
Here, at a glance, are some key facts about our cooperative that may help
you decide whether you would enjoy living here.
Who We Are A wide mix of
residents, with many young families, professionals, and people in the arts.
Amenities and Service
A staff of 5, consisting of a Superintendent, Handyman, and 3 Porters.
Professional security service on duty from 4 p.m. to midnight Sunday through
Thursday and 5 to 1 Friday and Saturday.
Top-flight professional managing company, PRC Management, appointed
in July 1999.
Professionally equipped, on-site 450 sqft. Fitness Center for residents.
Bike room available to residents at a nominal cost.
Laundry rooms in both buildings open 24 hours a day. More and improved
laundry machines were installed in both buildings in 1998
Storage lockers available to residents for rental at a reasonable cost.
Cable TV and cable modem service from both Time Warner and RCN.
Capital Projects and Building Improvements
New elevator installed in the back of 720 in 1997.
Entire roof parapet clad in aluminum in 1997.
Remaining banks of elevators in 720 and 730 were replaced in 1998.
New pumps installed in both buildings to maintain water pressure in 1998.
Western and eastern-facing hallway windows cleaned, reglazed, and repaired
in 1999.
Vestibules refinished and lobbies repainted in 1999.
New lighting and signage installed in vestibules and lobbies in 1999.
Custom-made tree guards installed in 1999.
450 sqft. Fitness Center built and equipped in 2001.
New intercom installed in 2001.
Freshly repainted lobbies.
Financial Condition
We refinanced our mortgage at the end of 1997 at an extremely favorable
rate , converting an interest-only mortgage into an amortizing one and
freeing funds for capital projects. We will refinance again in 2006.
As of September 2001, we had a reserve fund in the neighborhood of $445,000.
Maintenance increase for 1999 was 2.5 percent. In 2001 it was 4 percent,
largely because of the high cost of fuel. Our operating budget has remained
in the black for the past several years or more.
As of Dec '98, 45 percent of the maintenance was tax deductible.
the
entrance to the park. The 234 units in the complex consist of studios,
1 bedrooms, junior fours, 2 bedrooms, and 3 bedroom apartments. Currently
more than 80 percent of the units are owner occupied.
